1. U.S. court upholds Sotheby's poison pill, rejects hedge fund's bid

    U.S. court upholds Sotheby's poison pill, rejects hedge fund's bid

    Delaware Chancery Court Judge Donald Parsons ruled late on Friday that he would not overturn Sotheby's so-called poison pill, which blocks activist investors from buying more than 10 percent of the company's stock while passive investors can buy 20 percent...

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